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Sponsored by Bromwich & Smith Inc., this site is designed as a free source of information on personal bankruptcy in Calgary, consumer proposals, and other debt management solutions available in Calgary, as well as on bankruptcy services offered by local bankruptcy trustees. |
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Calgary bankruptcy trustees at Bromwich & Smith Inc. are licensed by the federal government of Canada to provide personal bankruptcy and proposal services to Calgary and the area residents.
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Our Bankruptcy Calgary Blog, a collection of bankruptcy questions and answers to these questions provided by experienced bankruptcy experts at Bromwich & Smith Inc., is a valuable source of information for people dealing with financial difficulties. The most recent posts from the blog are listed below.
For more information related to debt management, we suggest that you post your questions to Bankruptcy Canada Blog, e-mail the questions to Calgary bankruptcy trustees, or arrange for an initial consultation with one of our bankruptcy experts - all at no charge.
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Recent Bankruptcy Questions:
Question: i was made bankrupt in jan 07. i now have a job, can the courts take any money of me, also can i be called back for futher questions by the offical recievers after being made bankrupt?
Answer: The answer depends on a number of factors. First, have you completed all of your duties and have you been discharged from your bankruptcy in Calgary? If you have been discharged, you have no further obligations.
If you have not been discharged, you are required to report your income each month to your bankruptcy trustee. If you have surplus income, you will be required to pay a portion of your surplus income to the trustee for the benefit of your creditors until you are discharged.
We suggest you contact your bankruptcy trustee to determine what further duties you must complete to finish your bankruptcy.Labels: bankruptcy Calgary, bankruptcy trustee
Question: Will anyone know that i filed bankrutcy in Calgary? if so, how? is it public records or what?
Answer: When you go bankrupt, you feel embarrassed and you are probably worried about who will find out that you went bankrupt. There are only a few people that know about your bankruptcy without you volunteering the information:
1. The Office of the Superintendent of Bankruptcy
Official bankruptcy records in Canada are compiled by the federal Office of the Superintendent of Bankruptcy (OSB) and are public records. Every time someone goes bankrupt, it is through this office.
2. Credit bureaus
Every month, the OSB sends a list of new bankruptcies to each of the credit bureaus, like Equifax and Trans Union. These companies then record the bankruptcies on their credit histories of individual consumers. The bankruptcy record for each person is removed from that person's credit report after a set number of years.
3. Current creditors
In order to stop wage garnishments, threatening phone calls, and to alert them of the situation, your trustee will send out letters to each of your creditors informing them of your bankruptcy. If you owe money to friends or relatives, then they will also be included in the mailing, which means they will find out in this way.
4. Your employer
If you are currently having your wages garnisheed, your trustee will send a court order to your employer to stop the garnishment. Your trustee also requires information to file your taxes; if you don't provide it to the trustee, the trustee may contact your employer to obtain the missing information.
5. Anyone you tell
People will not know that you have gone bankrupt just by looking at you. You are free to tell anyone you wish or withhold the information, as long as they aren't a current creditor, a potential creditor, or your employer if your job requires you to report any bankruptcies.Labels: bankruptcy Calgary, bankruptcy trustee
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